(a) In general.—Section 1706 of the Energy Policy Act of 2005 (42 U.S.C. 16517) is amended—
(1) in subsection (a)—
(A) in paragraph (1), by striking “or” at the end;
(B) in paragraph (2), by striking “avoid” and all that follows through the period at the end and inserting “increase capacity or output; or”; and
(C) by adding at the end the following:
“(3) support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.”;
(2) by striking subsection (c);
(3) by redesignating subsections (d) through (f) as subsections (c) through (e), respectively;
(4) in subsection (c) (as so redesignated)—
(A) in paragraph (1), by adding “and” at the end;
(B) by striking paragraph (2); and
(C) by redesignating paragraph (3) as paragraph (2);
(5) in subsection (e) (as so redesignated), by striking “for—” in the matter preceding paragraph (1) and all that follows through the period at the end of paragraph (2) and inserting “for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.”; and
(6) by adding at the end the following:
“(f) Funding.—
“(1) IN GENERAL.—In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section.
“(2) ADMINISTRATIVE COSTS.—Of the amount made available under paragraph (1), the Secretary shall use not more than 3 percent for administrative expenses.”.
(b) Commitment authority.—Section 50144(b) of Public Law 117–169 (commonly known as the “Inflation Reduction Act of 2022”) (136 Stat. 2045) is amended by striking “2026” and inserting “2028”.